Tract 1 ● 10.28 Acres, 10 + or – tillable acres. Located in Section 4 Martinsville South Township…
Lot Number:1
Connecting
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Start Time:5/23/2024 10:00:00 PM
End Time:6/17/2024 11:00:00 PM
Bid Count:100
Current High Bidder:5****2
Starting Bid:$25.00/Acre
Bid Increment:$25.00
Current Bid:$6,525.00/Acre x 10.28 Acres= $67,077.00
10.28 Acres
Clark County Land

Tract 1 ● 10.28 Acres, 10 + or – tillable acres. Located in Section 4 Martinsville South Township Clark County, IL. 2023 taxes payable in 2024 are $214.00. Parcel #09-12-04-00-300-014

Clark County, Illinois (IL023) Tract 1

Map Unit Symbol

Map Unit Name

 

Percent of AOI

8F

Hickory silt loam, 18 to 35 percent slopes

 

0.0%

12A

Wynoose silt loam, 0 to 2 percent slopes

 

0.5%

13A

Bluford silt loam, 0 to 2 percent slopes

 

57.0%

13B2

Bluford silt loam, 2 to 5 percent slopes, eroded

 

15.7%

14B

Ava silt loam, 2 to 5 percent slopes

 

26.9%

Totals for Area of Interest

 

100.0%

Current Crop belongs to farm tenant.  New owners will receive farming rights Dec 1st or sooner when the fall crop is removed.

Seller is selling the subject Real Estate as relinquished Real Estate in a like-kind exchange under Section 1031 of the Internal Revenue Code. New buyer must close on real estate on or before July 15th, 2024. Buyer will give seller a credit at closing for 2024 taxes payable in 2025.

Seller Evan and Ering Tingley

Whenever there is a bid on either tract they will all extend for an additional 3 minutes. All tracts are offered separately but will close at the same time. Land is offered by the acre. The high bid on each tract will be multiplied by the acres. Example Tract 1 high bid x 10.28

All of seller’s mineral, oil, and gas title, if any, will pass without warranty of title or title evidence.

Terms & Conditions:  Real Estate is sold “As Is.” 10% down sale remainder due at closing approx. on or before July 15th, 2024. Seller is selling the subject Real Estate as relinquished Real Estate in a like-kind exchange under Section 1031 of the Internal Revenue Code. Buyer agrees that Seller may assign this Agreement to an exchange intermediary of Seller’s choice. Buyer shall cooperate in effecting the said exchange, and Seller shall hold Buyer harmless from any costs or claims arising from such cooperation and exchange. Property will be sold in a manner resulting in the highest sale price subjection to seller confirmation. Buyer or buyers will have farming rights this spring even if the property has not closed yet. Maps, borders, on brochures, websites and markers in the field are estimates and are simply to be used as guidelines. Successful bidders will be required to enter into a purchase agreement at the auction site. It is the potential bidder’s responsibility to conduct his or her own independent inspection inquiries & due diligence concerning the property. The information contained herein is believed to be accurate but is subject to verification by all parties relying on it. Announcements day of sale take precedence over printed material. Schmid Auction is not responsible for accidents. Bidding will be by the acre. An acre price will not be put in the purchase agreement. A total tract price will be put in the purchase agreement, and it will not change for any reason including future surveys.

 

 

 

 

No donations for this lot

Whenever there is a bid in the last 3 minutes on any tract 3 minutes will be added. Bidding will be x acre and $25.00 increments.

THIS IS AN INTERNET ONLY AUCTION: Real Estate and all items sell as is, where is with all faults or flaws. Items sell with no warranty stated or implied.

 

An acre price will not be put in the purchase agreement. A total tract price will be put in the purchase agreement, and it will not change for any reason including future surveys.

Bidding is by the acre!!!

DYNAMIC CLOSING: The auction will begin to close on Monday June 17th. The closing time will automatically extend an additional 3 minutes whenever a bid is placed within the last 3 minutes of either tract closing. Bidding is by the acre. The final bid price of each tract will be multiplied by the acres the acres. Tract 1 final bid x 10.28, Tract 2 final bid x 20

Internet or bidding problems call the auction company immediately!!!!!

Example on bidding. If a person puts a bid of $1000.00 and the 2nd place bidder places a bid of $800. It will raise the person with the highest bid to $825.00 It will not automatically take a person to the highest bid they have submitted. $25 dollar bid increments.

AGE REQUIREMENT: All bidders must be at least 18 years of age to purchase. Zero buyer premium. Schmid Auction must be approved of by all bidders. After registering call Schmid Auction for approval.

Fraudulent bidders will be prosecuted! Have your financing in line. That means bidding without being capable of paying for it or not having loan preapproved! Non-Refundable 10% down payment held by title company until closing.

Bid Increments: $25 a bid.

Whenever there is a bid on either tract they will all extend for an additional 3 minutes. All tracts are offered separately but will close at the same time. Land is offered by the acre. The high bid on each tract will be multiplied by the acres. Example Tract 1 high bid x 10.28

The seller will remove the tank battery before closing! The oil jack does not belong to the seller and will be removed at some point. There is no longer oil production on the land.

All of seller’s mineral, oil, and gas title, if any, will pass without warranty of title or title evidence.

Terms & Conditions:  Real Estate is sold “As Is.” 10% down sale remainder due at closing approx. on or before July 15th, 2024. The seller is selling the subject Real Estate as relinquished Real Estate in a like-kind exchange under Section 1031 of the Internal Revenue Code. Buyer agrees that Seller may assign this Agreement to an exchange intermediary of Seller’s choice. Buyer shall cooperate in effecting the said exchange, and Seller shall hold Buyer harmless from any costs or claims arising from such cooperation and exchange. Property will be sold in a manner resulting in the highest sale price subjection to seller confirmation. Buyer or buyers will have farming rights this spring even if the property has not closed yet. Maps, borders, on brochures, websites and markers in the field are estimates and are simply to be used as guidelines. Successful bidders will be required to enter into a purchase agreement at the auction site. It is the potential bidder’s responsibility to conduct his or her own independent inspection inquiries & due diligence concerning the property. The information contained herein is believed to be accurate but is subject to verification by all parties relying on it. Announcements day of sale take precedence over printed material. Schmid Auction is not responsible for accidents. Bidding will be by the acre. An acre price will not be put in the purchase agreement. A total tract price will be put in the purchase agreement, and it will not change for any reason including future surveys.

RURAL CLARK COUNTY ILLINOIS
Martinsville, Illinois 62442
United States

Tract 1 ● 10.28 Acres, 10 + or – tillable acres. Located in Section 4 Martinsville South Township Clark County, IL. 2023 taxes payable in 2024 are $214.00. Parcel # 09-12-04-00-300-014

Tract 2 ● 20 Acres, 10.8 + or – tillable & 9.2 + or – wooded hunting land. Located in Section 30 Martinsville South Township Clark County, IL. 2023 taxes payable in 2024 are $254.00.

Bidding is by the acre!  Parcel # 09-12-30-00-200-007